Current Affairs - State - Discussion

Maharashtra approved an interest subsidy of Rs 738.51 crore for cooperative sugar mills to help them clear Fair and Remunerative Price (FRP) dues for the 2025-26 sugar season. Under the scheme, the state government will bear interest costs of up to 10 percent for a loan period of seven years. The subsidy is intended to provide financial support to sugar mills and help them manage their outstanding FRP-related payments. To continue receiving the benefits, the concerned mills are required to submit a loan utilisation certificate by July 2027.